Check Answer

You are a speculator who sells a call option on Swiss francs for a premium of $0.05, with an exercise price of $0.60. The option will not be exercised until the expiration date, if at all. If the spot rate of the Swiss franc is $0.77 on the expiration date, your net profit per unit, assuming that you have to buy Swiss francs in the market to fulfill your obligation, is:

Answer = -0.12